Fulton Chain Railway Company signed by Wm. Seward Webb - Stock CertificateInv# AG1728 Stock
Stock signed by Wm. Webb as president. Portrait and biography included.
William Seward Webb (1851-1926) Dr. W. Seward Webb was a son of Civil War Gen. James Watson Webb (1802–1884). He studied medicine in Vienna, Paris and Berlin. Returning to America, he entered the Columbia University College of Physicians and Surgeons and graduated from there in 1875. For several years he practiced medicine, and then forsook the profession for finance at the behest of his wife's family, establishing the Wall Street firm of W. S. Webb & Co. In 1883, he married Eliza Osgood Vanderbilt (Lila Vanderbilt), daughter of William H. Vanderbilt. Eliza's brother George went on to create Biltmore, one of America's grandest country estates. In 1883, Webster Wagner, the president of the Wagner Palace Car Company, was crushed between two of his own railroad cars. Vanderbilt owned a controlling interest in the company, and asked his new son-in-law to take over the firm. Wm. Seward invited his brother H. Walter Webb to join him, which started them both on careers in the railroad business. The Wagner Palace Car Company was subsequently merged with the Pullman Company. Dr. Webb later became President of the Fulton Chain Railway Company, the Fulton Navigation Company, and the Raquette Lake Transportation Company. He was the builder and President of the Mohawk and Malone Railway. His railroads were instrumental in opening the Adirondacks to the tourism rush of the mid- to late 19th century. The Webb property at Shelburne, Vermont was created from more than thirty separate farms on the shores of Lake Champlain and is known today as Shelburne Farms. The property is a National Historic Landmark, and one of the main concert sites of the Vermont Mozart Festival. The former Webb estate has stunning views and some of the grandest barns of any Gilded Age property. A great horseman, Dr. Webb had a fine collection of carriages that is on display today at the Shelburne Museum. The Vanderbilt Webb's other country estate was an Adirondack Great Camp named NeHaSane, a game preserve of some 200,000 acres (800 kmÇ), much of which was later donated to the State of New York to become part of the Adirondack Park. The town of Webb, New York in the park is named after him. Dr. Webb served as Inspector General of the Vermont militia with the rank of Colonel. He served a term in the Vermont Legislature in the 1890s. He was a founder and former President of the Sons of the American Revolution. The Webbs for thirty years lived at 680 Fifth Avenue, New York. This house, a wedding gift from William H. Vanderbilt to his daughter, was sold in 1913 to John D. Rockefeller. Dr. Webb was survived by his wife, Lila Vanderbilt Webb, three sons – J. Watson, William Seward, and Vanderbilt – and one daughter, Frederica.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.